§ 50125
68 words·~1 min read·
/ca/financial-code/50125A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner may refuse to issue a residential mortgage lender or servicer license if any of the following apply:
(a)The applicant is not in material compliance with a provision of this division or an order or rule of the commissioner.
(b)The commissioner cannot make the findings specified in subdivision
(c)of Section 50121.
(c)A material requirement for issuance of a license has not been met.